Medical Office Building Sells for $8M

GRAYSLAKE, IL-Northwestern Lake Forest Hospital has acquired a two-floor medical office tower for $8.4 million from a venture administered by a consortium of doctors.

By GlobeSt News Hub | April 25, 2011 at 01:01 AM

GRAYSLAKE, IL-Northwestern Lake Forest Hospital has acquired a two-floor medical office tower for $8.4 million from a venture administered by a consortium of doctors. The building measuring 40,000 square feet is located at 1275 E. Belvidere Road in Grayslake. The doctors group now leases back the area from the hospital.

Zifkin Realty Group LLC negotiated the sale on behalf of the doctors.For the full story, go to Crain's Chicago Business.

GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

NOT FOR REPRINT

1 Downtown Apartment Markets Thriving Amid Post-Pandemic Shifts

2 When Will the Next Rate Cut Come? Later Than You Might Think, Say Economists

3 South Carolina and Idaho Lead in Population Gains as Migration Slows

4 Global Confidence in U.S. CRE Drops Sharply Amid Policy Turbulence

5 How Retailers Are Using Mobile Data for Smarter Site Selection

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Consulting
Consulting Top Consultants 2025
June 26, 2025 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information

Maracay Continues Land Assemblage for 572-Home Community

By John Jordan | October 01, 2018

Maracay officials say the firm intends to close on the third and last land purchase of 80 acres and 240 homesites in Chandler in early 2019.

Maracay Continues Land Assemblage for 572-Home Community

Summit Hotel Properties Acquires Boston-Area Hotel, Sells FL Property

By John Jordan | October 01, 2018

The Austin, TX-based hotel REIT also reports that it has closed on the sale of the 148-room Hyatt Place Fort Myers/at the Forum in Fort Myers, FL for $16.5 million or approximately $111,000 per key.

Summit Hotel Properties Acquires Boston-Area Hotel, Sells FL Property

Historically Low Industrial Availability Amps Up Urgency

By Lisa Brown | October 01, 2018

The ProAmpac campus recently purchased by an EverWest partnership totals three buildings in the Kent Valley submarket, one of Washington's most in-demand warehouse and manufacturing locations.